Change 1 Article Choose an article Title and introductory text 1 Rate of duty on sparkling cider. 2 Rates of duty and rebate on hydrocarbon oil. 3 Increased rebate on higher octane unleaded petrol. 4 Drawback of duty on exportation. 5 Rates of tobacco products duty. 6 Rate of pool betting duty. 7 Rates of gaming duty. 8 The general rate of vehicle excise duty. 9 Rates of duty for goods vehicles. 10 Goods for sale on board ships or aircraft. 11 Drawback of duty on shipment. 12 Works of art, antiques, etc. 13 Gold. 14 Preparations etc. of meat, yeast or egg. 15 Assignment of debts. 16 Groups of companies. 17 Penalties for incorrect certificates. 18 EC sales statements: time limits for assessments to penalties. 19 Period before repayment supplement payable. 20 Meaning of “business”. 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Starting rate. 23 Charge and rates for 1999-00. 24 Personal allowances for 1999-00 for those aged 65 or more. 25 Operative date of indexation for PAYE. 26 Rates of capital gains tax. 27 Charge and main rate for financial year 2000. 28 Corporation tax starting rate. 29 Rate and fraction for corporation tax starting rate. 30 Children’s tax credit. 31 Restriction of MCA to those reaching 65 before 2000-01. 32 Further provision about married couple’s allowance. 33 Abolition of existing relief in respect of children. 34 Abolition of widow’s bereavement allowance. 35 Order of income tax reductions etc. 36 Maintenance payments. 37 Limit on relief for interest. 38 Withdrawal of relief for interest on loans to buy land etc. 39 Withdrawal of relief for interest on new annuity loans. 40 Annuity loans: residence requirements and re-mortgages. 41 Repayments attracting repayment supplement. 46 PRP and agricultural pay. 47 Cars available for private use. 52 Scottish Parliament and devolved assemblies. 53 Exemption certificates. 54 Tax treatment of reverse premiums. 55 Gifts in kind to charities etc. 56 Gifts of money to relieve refugee poverty. 57 Aggregation of money gifts for relief in poor countries. 58 Employees seconded to educational establishments. 59 Phasing out of vocational training relief. 60 Student loans: certain interest to be disregarded. 61 Class 1B National Insurance contributions. 62 Expenditure on film production and acquisition. 63 Treatment of transfer fees under existing contracts. 64 Income of unmarried child of settlor. 65 Relevant discounted securities. 66 Qualifying corporate bonds: provision consequential on s. 65. 67 Deep discount and deep gain securities. 68 Court common investment funds. 69 Company restructuring and convertible securities. 70 Relief on distributions. 71 Eligibility for EIS relief. 72 Deferred gains: application of taper relief. 73 Deferred gains: gain accruing on part disposal, etc. 74 Value shifting: tax-free benefits. 75 Allowable losses where beneficiary absolutely entitled. 76 Concessions that defer a capital gains charge. 77 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 78 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79 Sharing of pensions on divorce, etc. 80 Purchased life annuities. 81 Acquisitions disregarded under insurance companies concession. 82 Lloyd’s: members’ agent pooling arrangements. 83 Provisions supplementary to s. 82. 84 Lloyd’s: roll-over relief. 85 Advance pricing agreements etc. 86 Provisions supplementary to s. 85. 87 Effect of section 85 agreements on non-parties. 88 Controlled foreign companies. 89 Corporation tax: due and payable date. 90 Release or writing off of debt: interest on tax overpaid. 91 Advance corporation tax: consequences of abolition. 92 Group relief: consequences of reduction in surrenderable amount. 93 Company tax returns, etc. 94 Excluded oil. 95 Sale and lease-back. 96 Transfer of field interest. 97 Provisions supplementary to ss. 95 and 96. 98 Qualifying assets. 99 PRT instalments. 100 Sale and lease-back: ring fence profits. 101 Pipe-line elections. 102 PRT returns. 103 Business assets: roll-over relief. 104 Gifts. 105 Delivery of accounts. 106 Power to call for documents etc. 107 Inland revenue charge. 108 Penalties. 109 Interest and penalties on late stamping. 110 Interest on repayment of duty overpaid etc. 111 Stamp duty on conveyance or transfer on sale. 112 General amendment of charging provisions. 113 Bearer instruments. 114 Penalties other than on late stamping. 115 Minor amendments and repeal of obsolete provisions. 116 Non-sterling bearer instruments issued in connection with merger or takeover. 117 Scope of exceptions for certain bearer instruments. 118 Relief in case of certain replacement securities. 119 Power to exempt UK depositary interests in foreign securities. 120 Minor amendments of exceptions to general charge. 121 Power to make regulations with respect to administration, etc. 122 Stamp duty and stamp duty reserve tax: unit trusts. 123 Construction of this Part and other supplementary provisions. 124 Rate of landfill tax. 125 Rate of insurance premium tax. 126 Interest on unpaid customs debts. 127 Interest on repayments. 128 Periods to be disregarded in determining interest under s. 127. 129 Repayment of overpaid interest etc. 130 Consequential amendments relating to interest. 131 Economic and monetary union: taxes and duties. 132 Power to provide for use of electronic communications. 133 Use of electronic communications under other provisions. 134 The Debt Management Account. 135 Lending by Revenue Accounts to National Loans Fund. 136 Definition of Government Stock. 137 National Savings Bank: disclosure of information. 138 Interpretation. 139 Repeals. 140 Short title. SCHEDULE 1 Rates of vehicle excise duty for goods vehicles etc SCHEDULE 2 VAT: groups of companies SCHEDULE 4 Withdrawal of relief for interest on loans to buy land etc. SCHEDULE 5 Scottish Parliament and devolved assemblies: exemptions and reliefs SCHEDULE 8 SCHEDULE 10 Sharing of pensions etc. on divorce or annulment SCHEDULE 11 Company tax returns, etc: minor and consequential amendments SCHEDULE 12 Stamp duty: interest and penalties on late stamping SCHEDULE 13 Stamp duty: instruments chargeable and rates of duty SCHEDULE 14 Stamp duty: amendments consequential on section 112 SCHEDULE 15 Stamp duty: bearer instruments SCHEDULE 16 Stamp duty: amendments consequential on section 113 SCHEDULE 17 Stamp duty: penalties other than on late stamping SCHEDULE 18 Stamp duty: minor amendments and repeal of obsolete provisions SCHEDULE 19 Stamp duty and stamp duty reserve tax: unit trusts SCHEDULE 20 Repeals
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As published
7 Rates of gaming duty.
(1) For the Table in section 11(2) of the Finance Act 1997 (rates of gaming duty) there shall be substituted—
Table
Part of gross gaming yield | Rate
The first £462,500 | 2½ per cent.
The next £1,027,500 | 12½ per cent.
The next £1,027,500 | 20 per cent.
The next £1,798,500 | 30 per cent.
The remainder | 40 per cent.
(2) This section has effect in relation to accounting periods beginning on or after 1st April 1999.
Your wording
Your change, as a redline
7 Rates of gaming duty.
(1) For the Table in section 11(2) of the Finance Act 1997 (rates of gaming duty) there shall be substituted—
Table
Part of gross gaming yield | Rate
The first £462,500 | 2½ per cent.
The next £1,027,500 | 12½ per cent.
The next £1,027,500 | 20 per cent.
The next £1,798,500 | 30 per cent.
The remainder | 40 per cent.
(2) This section has effect in relation to accounting periods beginning on or after 1st April 1999.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.